Hang Seng Index Follows U.S. Stocks Higher as Developers Gain

Hang Seng Index up 0.1% to 22,023.96 after U.S. stocks rally to three-week high. H.K. benchmark is heading for 6.7% drop in 2015.

HSCEI -0.4%, MSCI HK +0.3%, SHCOMP little changed

Sino Land +1.2%, Cheung Kong Property +1.1% to lead HSI gains

Sinotrans +1.2%; parent Sinotrans & CSC to be folded into China Merchants Group

Oil stocks: Anton Oilfield +8.3% after WTI futures jumped

Evergrande -0.2%; CICC says yday’s deal adds uncertainty over cash flow

Goldwind +1.7%; Anbang boosts A-shr stake to 15.73% from 11.26%

ZTE +0.8%; targets annual sales of 200b yuan by 2020: Xinhua

Vanke denies meeting with Baoneng and Anbang to discuss share transfer; stock still suspended

Source : Bloomberg

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Topix Follows U.S. Equities Higher as Japan Returns to Growth

Japanese stocks rose after U.S. equities climbed to a record and a report showed Asia’s second-biggest economy exited recession last quarter.

The Topix index gained 0.7 percent to 1,459.43 at the close in Tokyo, with two stocks rising for each that fell. The measure climbed 2.3 percent last week. The Nikkei 225 Stock Average advanced 0.5 percent to 18,004.77. The yen added 0.2 percent to 118.52 per dollar, strengthening a third day.

Japan’s economy expanded 2.2 percent in the fourth quarter on an annualized basis, after contracting the previous two periods. The median expectation of 32 economists surveyed by Bloomberg before the provisional data was for growth of 3.7 percent.

Source : Bloomberg

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